Asian Session – Dollar breaks above 113 yen as Fed minutes intensify rate hike expectations
Posted on November 24, 2016 at 8:21 am GMTThe US dollar was once again making fresh highs in Thursday’s Asian session as strong US data and hawkish FOMC minutes fuelled expectations that the Fed is poised to raise rates in December. Wall Street also extended its rally with the Dow Jones and S&P 500 closing at another record high on Wednesday as investors bet that the incoming Trump administration will boost fiscal spending. However, stocks in Asia were mixed today as rising US treasury yields continued to weigh [..]